Overview:Although still in the proposal stage, the changes to the Real Estate Settlement Procedures Act (RESPA) will be a huge undertaking. The combining of the RESPA Good Faith Estimate and the Advance Truth in Lending Disclosure and the HUD Settlement Statement with a new Final Truth in Lending Disclosure alone will require changes to your loan forms, data processing systems and your procedures. In addition, other contemplated changes include responding to consumer inquiries regarding servicing and escrow accounts, new tolerance levels for estimates, changes in the definition of business day, and so much more. Through this session you will learn the areas where changes are likely to occur so that you may begin the planning process.

About the Speaker: May Lou Heighes, CUCE, is President and founder of Compliance Plus, Inc. Mary-Lou has been involved in the credit union movement since 1989. She spent 5 years working in credit unions, in almost every position. Like many credit union veterans, she has worn many hats - loan officer, marketer, collector, and the all-encompassing OTHER DUTIES AS ASSIGNED. That background made for an easy transition to the Research and Information Department at the California Credit Union League where she spent 7 years providing compliance assistance through the Information Hotline and writing and editing TIPs bulletins advising credit unions to changes to regulations affecting credit union business.

Archive:An audio archive is available at no additional charge and can be accessed for 60 days after the live session. Instructions on accessing the archive will be sent with your connecting instructions and confirmation.

Cancellation Policy:Sorry, no cancellations are allowed after connecting instructions and handout materials have been sent to registrants. Substitutions are welcomed and encouraged.